Some 18 per cent of the deposits held in Cypriot banks by residents of other eurozone countries were pulled out in February, according to figures from the Central Bank of Cyprus.
Some 18 per cent of the deposits held in Cypriot banks by residents of other eurozone countries were pulled out in February, according to figures published on Thursday by the Central Bank of Cyprus.
Lagarde's views have been echoed by other officials around Europe, especially in Britain, where some savers have already responded by moving their deposits into Irish banks.
In fact, once the dust settles in Cyprus, those who are less well off inother countries may come around to the viewpoint that levies on uninsured deposits are a fairer way to deal with failing banks than sticking all of their debts on taxpayers.